StoneX Group Inc. has recently released its 10-K report, providing a detailed look at the company's financial performance and operations. StoneX operates as a global financial services network, connecting companies, organizations, traders, and investors to the market ecosystem worldwide. The company operates through Commercial, Institutional, Retail, and Global Payments segments.
In the year ended September 30, 2024, StoneX reported operating revenues of $3.44 billion, representing an 18% increase from the previous year's $2.91 billion. The company's listed derivatives operating revenues increased by 13% to $469.6 million, while OTC derivatives operating revenues declined by 10% to $209.9 million. Securities transactions saw a significant increase in operating revenues, rising by 36% to $1.44 billion. Operating revenues from FX/CFD contracts increased by 21% to $316.1 million, while payments operating revenues declined by 2% to $205.1 million. StoneX also reported a 9% increase in net income to $260.8 million, with diluted earnings per share reaching $7.96 compared to $7.45 in the previous year.
StoneX's total revenues for the year totaled $99.89 billion, marking a 64% increase from the previous year's $60.86 billion. The company's return on average stockholders' equity stood at 16.9% for the year, compared to 19.5% in the previous year. Additionally, StoneX's total compensation and other expenses increased by 7% to $1.42 billion, with a 10% increase in income before tax to $354.1 million.
The company's performance was driven by continued growth in transactional volumes across most operating segments and products, with the exception of FX/Contracts for Difference (CFD) contracts volume, which declined due to lower FX volatility during the fiscal year. StoneX also successfully increased the amount and extended the duration of its long-term capital by issuing $550.0 million of 7.875% Senior Secured Notes due 2031, which were utilized to extinguish $347.9 million of 8.625% Senior Secured Notes due 2025.
StoneX's 10-K report provides a comprehensive overview of the company's financial performance, highlighting its growth in operating revenues and net income, as well as its strategic initiatives to strengthen its capital position and navigate market volatility. Today the company's shares have moved 0.3% to a price of $104.5. For more information, read the company's full 10-K submission here.
